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PRESS RELEASE

23 October 2025

 STRONG NEW BUSINESS AND INVESTMENT RETURNS DRIVE FUNDS UNDER MANAGEMENT PAST £200 BILLION

St. James's Place plc ('SJP') today issues an update on new business inflows and funds under management for the three months ended 30 September 2025.

¹ Throughout this press release our retention rate is calculated allowing for surrenders and part-surrenders. It excludes regular income withdrawals and maturities.

Mark FitzPatrick, Chief Executive Officer, commented:

"I am pleased to report another strong quarter for new business, which underlines the power of our advice-led business model and the value clients place in the long-term, trusted relationships they have with our advisers. Gross inflows for the third quarter were £5.7 billion, up 30% on Q3 2024, reflecting both strong demand for financial advice and high levels of client engagement and activity ahead of the implementation of our new simple, comparable charging structure in late August. High retention of funds under management has driven net inflows to £1.8 billion, up 98%.

Our investment proposition has delivered strong performance on behalf of our clients, with year-to-date returns representing 12% of opening funds under management on an annualised basis. Together with net inflows, this has resulted in record funds under management of £212.4 billion at 30 September 2025, up 12% year-to-date and passing the £200 billion milestone for the first time.

We were pleased to implement our new simple, comparable charging structure over the August bank holiday weekend, bringing to a close almost two years of effort on this significant programme of work. Completion of this programme has unlocked our ability to innovate our investment proposition for the benefit of our clients, enabling us to launch our Polaris Multi-Index range of funds earlier this week. These implement our active asset allocation expertise through index-tracking funds, and broaden the range of investments available for clients.

The macroeconomic environment presents a more uncertain picture for UK consumers amid soft economic growth, stubborn inflation and heightened speculation around the forthcoming Autumn Budget. Against this background, our advisers remain focused on supporting and guiding clients so that they continue making the right long-term decisions to secure their financial futures. This builds trust and strengthens relationships, underpinning our long-term success. Notwithstanding this, with the third quarter having benefited from unseasonally high levels of client engagement and activity, and with the consumer environment uncertain, flows in the final quarter may therefore be less strong by comparison.

As the clear home of trusted financial advice in the UK, we continue to focus on delivering for our growing client base and all our other stakeholders."

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Enquiries:

Contents

1. Funds under management

2. Analysis of funds under management

3. EEV net asset value per share

1. Funds under management

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2. Analysis of funds under management

The table below provides a geographical and investment-type analysis of FUM at 30 September.

3. EEV net asset value per share

The net asset value on the European Embedded Value basis at 30 September 2025 was approximately £18.72 per share.